Horizon Community Funds of Northern Kentucky Inc

Analysis

Horizon Community Funds of Northern Kentucky Inc is a registered charity in United States, based in Covington, KY. It received its IRS tax-exemption ruling in September 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Horizon Community Funds of Northern Kentucky Inc reported income of $12.6m and spending of $8.7m, leaving 31% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.8m to $12.6m (+161%), an average of +27% a year. The sharpest change came in the year to December 2021, when income rose by 146%. Over the whole period it spent 62% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Horizon Community Funds of Northern Kentucky Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Rockwood Leadership Institute ($12.6m), United Way of Southern Nevada Inc ($12.6m) and Jewish Federation of Omaha Foundation ($12.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 0.5% of the total. Compensation of current officers, directors and key employees was $325k (3.7% of expenses). Other salaries and wages came to $120k. At year end it held assets of $47.4m against liabilities of $8.0m, net assets of $39.4m. It reported 4 employees.